Results of activity of NURBANK JSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, April 13, 05/ - NURBANK JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc., provided KASE with consolidated financial statement for 2004. Following indicators are the result of the bank's financial and economic activity in 2004, based upon the bank's data (th. KZT, unless otherwise specified): -------------------------------------------------------------------------- as of as of Change, Index Jan 1, 04 Jan 1, 05 % ----------------------------------------- ---------- ---------- ------- Authorized capital (paid) 3,265,000 5,000,000 +53.1 Shareholders' equity (acc-ing. to balance 7,048,812 10,414,172 +47.7 sheet) Total assets 58,186,865 89,390,206 +53.6 Liquid assets 19,984,733 18,447,301 -7.7 Credits granted (net) 36,710,468 68,283,553 +86.0 Liabilities, total 51,138,053 78,829,841 +54.2 Accounts and deposits 35,992,639 48,389,028 +34.4 Issued bonds 4,810,795 8,286,137 +72.2 Borrowed loans (excluding bonds) 9,210,588 20,054,771 +117.7 Net interest income (loss) 2,875,172 5,235,650 +82.1 Net non-interest income (loss) 2,152,606 2,061,814 -4.2 General and administrative expenses 2,069,670 2,716,882 +31.3 Deductions to reserves 870,690 1,703,404 +95.6 Net income 1,245,468 1,903,410 +52.8 ----------------------------------------- ---------- ---------- ------- Calculated by issuer's data: ----------------------------------------- ---------- ---------- ------- Return on equity (ROE), % 17.67 18.28 +3.4 Return on assets (ROA), % 2.14 2.13 -0.5 Earning per share (EPS), KZT 4,313.20 4,758.53 +10.3 Price/earnings ratio - 2.10 - Book value of one share, KZT 21,589.0 20,828.3 -3.5 -------------------------------------------------------------------------- Earnings per one common share (EPS) and price earnings ratio (P/E) were not calculated because only privileged shares of the bank are in the official "A" listing category. Relative to 2003 there is increase of: - shareholders' equity of the bank (according to balance) - by KZT3.4 bn. as the result of increase of paid part of authorized capital by 1.7 bn., accumulations in funds and reserves - by KZT1.3 bn. and the sum of undistributed income by 274.6 m.; - assets - by KZT31.2 bn., including: net-volume of loan portfolio - by 31.6 bn., sums on accounts in other banks by - by 4.5 bn. that was partially covered by the decrease of securities in the bank's portfolio of 4.1 bn. and other assets - by 788.2 m; - liabilities - by KZT27.7 bn., because of growth of rests on deposit accounts and other accounts by 12.4 bn., floated bonds - by 3.5 bn., borrowed loans - by 10.8 bn. and other liabilities - by 975.9 bn.; - net interest income before provisioning - by KZT2.4 bn.; - operational expenses - by KZT647.2 m.; - deductions to reserves - by KZT832.7 m. Net non-interest income of the bank fell in comparison with 2003 by KZT90.8 m. Net income, which Nurbank JSC received in 2004, increased in comparison with net income of the year 2003 by KZT657.9 m. [2005-04-13]